Property Overview
A fully furnished studio apartment in Elite Business Bay Residence, Business Bay by Triplanet Group at AED 765,000 (AED 1,549 per sqft). BUA 494 sqft. Dubai Water Canal view. Large balcony. Vacant and ready to move in. Building completed Q4 2020 on Marasi Drive. Agent describes as distress price, non-negotiable.
Property Highlights
- Type: Studio apartment
- BUA: 494 sqft
- Asking price: AED 765,000
- Rate: AED 1,549 per sqft
- View: Dubai Water Canal
- Furnishing: Fully furnished
- Status: Vacant, ready to move in
- Building: 27 floors, completed 2020
- Location: Marasi Drive, Business Bay
Pricing Analysis
No original purchase price was disclosed by the agent. Market comparison uses DLD transactions and active listings.
DLD Studio Transactions (2026)
- Range: AED 750,000 to AED 830,000
- Rate range: AED 1,483 to AED 1,677 per sqft
- 50 total transactions across all unit types in the past 12 months (up 51.5% YoY)
At AED 765,000 (AED 1,549 per sqft), the asking sits in the lower third of the DLD range. The price is AED 15,000 above the lowest recorded DLD studio sale (AED 750,000) and AED 65,000 below the highest (AED 830,000).
Active and Expired Studio Listings
- AED 795,600 for 501 sqft (AED 1,589 per sqft, FAM Properties, tenanted)
- AED 849,700 for 494 sqft (expired, canal view, Property Finder)
- AED 874,776 for 492 sqft (expired, canal view, high floor, Property Finder)
Expired listings for the same layout were at AED 849,700 to AED 874,776, suggesting earlier sellers at this size expected higher prices. Those listings expired without selling, which may indicate the market clearing price for this size is lower.
Modest Discount
The agent describes this as a distress price. While the asking is in the lower range of DLD transactions and below expired listings, the discount from market is modest. AED 765,000 is only 4% below the active comparable (AED 795,600) and the DLD range starts at AED 750,000. The value here is the combination of canal view, full furnishing, immediate vacancy and competitive pricing, rather than a deep below-market discount. The non-negotiable stance suggests the seller has a firm exit price.
Furnished Value
The unit comes fully furnished. In Business Bay, furnishing typically adds AED 50,000 to AED 100,000 to a studio's value. If the DLD transactions include unfurnished sales, the effective discount may be larger than the headline numbers suggest. Buyers should compare the furnishing quality during a viewing. A well-furnished canal-view studio at AED 765,000 could offer immediate rental income without additional investment.
Rental Yield Estimate
Business Bay studios on Marasi Drive with canal view typically rent for AED 55,000 to AED 70,000 per year (furnished). At AED 765,000 purchase price:
- Low estimate: AED 55,000 (7.2% gross yield)
- Mid estimate: AED 62,500 (8.2% gross yield)
- High estimate: AED 70,000 (9.2% gross yield)
Net yield after service charges (estimated AED 7,400 to AED 12,400) and maintenance: approximately 5.5% to 7.5%. This is competitive for a ready, furnished, canal-view studio in Business Bay.
About Elite Business Bay Residence
A 27-storey residential tower by Triplanet Group on Marasi Drive, Business Bay. Completed Q4 2020. Unit mix: studios, 1BR, 2BR and 4BR apartments. 3 podium levels plus basement for parking. Located on the Dubai Water Canal. Within walking distance of Marasi Business Bay promenade. Approximately 10 minutes to Downtown Dubai, 15 minutes to DIFC. Freehold ownership.
Verification Notes
The selling price (AED 765,000), BUA (494 sqft), canal view, fully furnished status, vacancy, large balcony and non-negotiable stance are from the agent brief. No original price was provided, so savings cannot be calculated. The 494 sqft is confirmed as a valid studio layout (multiple listings at 492 to 494 sqft). DLD data shows the price is in the lower range of market transactions. The building is 6 years old and in good market activity (50 transactions in 12 months). Service charges could not be verified and should be confirmed before purchase.
